Member Info for SlurmsMckenzie

Thanks so they've announced 11 million shares in total, what's that around 5%? And will flog those for around 30% of there true value.

The strike prices are conveniently low as well, they only look decent because of the last months share price movements.

I'm all for rewards etc but it seems like quite a lot.

How much are they paying for these shares if looks like dilution to me

Just missing a mic drop.

I can't fully speak for Wasarunner but my guess is being a long termer he has one eye on Vermelho and the production of nickel sulphate for the battery market.

Here's a reason why it matters.

https://nickelinstitute.org/en/blog/2022/march/will-the-eu-s-proposed-battery-regulation-drive-the-global-esg-agenda-for-battery-raw-materials/

Some quotes as it's very dry and long

"Any company placing batteries on the EU market will have to comply with the manifold requirements in the regulation, independent of whether they operate in Europe or elsewhere in the world.“

'is likely that the European regulatory framework will serve as a blueprint for legislation in other jurisdictions or private initiatives elsewhere in the world“

“The carbon footprint of EV battery production is significant, and battery raw materials are one of the main contributors. To reduce greenhouse gas (GHG) emissions and promote the production of low-carbon batteries, the European Commission proposes a three-step approach via new mandatory requirements“

Of course we might not go down the battery market route and it's a long way off, but IMO it's wrong to discount ESG credentials for a nickel miner.

I'm not sure I understand the comparison between a nation state and a company hoping to supply the nickel market with green credentials.

Classic buyers strike.

The adage "When The Time Comes To Buy, You Won't Want To" seems true. If this was £1.40 and rising people would be raiding their piggy banks. It's a strange old world.

I'll be occasionally topping up at these prices fwiw. Long term outlook for nickel good and stimulus will come sooner than people expect (certainly from China). I won't be backing the van up though.

Finally ... I need to grit my teeth for this bit

Well done contarian, although I tend to keep my specific price predictions to myself I really never saw this hitting 5p again (in old money) 6p maybe but not 5p.

When talking about building the mine on time and budget let's not forget about the contingency.

· US$25 Million Cost Overrun Debt Facility ("Proposed Cost Overrun Debt Facility"): Orion is proposing that a member of its group provides the Proposed Cost Overrun Debt Facility to be used, if required, for the construction of Araguaia. The Proposed Cost Overrun Debt Facility is subject amongst other things on definitive documentation and would form part of a total of US$99 million in dedicated cost overrun funding and contingency funding for the Project”

... and yes I do believe there is 'jam tomorrow' and quite possibly some cream to go with it, it's one of the very foundations of investment as opposed to trading.

FWIW not me.

I like my investments to go through a steel man argument.

As long as there no major insults or deliberate sleight of hand I have no problems.

In time Glencore will recover as will HZM.

Traders gonna trade, investors gonna invest

Some good points TDT.

They're not always wrong but the vampire squid has form. Some of their oil calls over the last few years have been awful (in both directions) .

Well yes contarian I'd be the first to accept that I need to write my posts , wait five minutes, proof read them the.post again.

In the spirit of genuine debate

1) I think the sharp correction is mainly about lithium, that's where lots of supply will be coming online even I might own a lithium miner with ATM. I don't think nickel will have the same supply dynamics.

2) the director thing and lack of skin in the game is annoying, if people use that as a red flag I'm not going to argue against that.

Well the title makes it look like I'm illiterate now!

The point I'm making is the article does not, I repeat does not mention a sharp correction for nickel. Yet somehow that's made it into the post title.

It's like something you'd see a sub editor at dodgy newspaper do.

Once again, as with the Twitter debacle you've proven yourself either illiterate or a pound shop Machiavelli .

Next up a flurry of posts from you trying to change the subject or hurling abuse at people for pointing out your underhand tactics.

We may have a breakthrough.

I think we're going to have to settle this man to man conty.

Me and you outside Burger King in Picadilly gardens, winner takes all. No clothes allowed. Choice of mace or axe.

Failure to turn up tonight at eight will mean you're going on mute.

Haha you big baby, is that the thick skin you have on display.

So did you or did you not get the wrong end of the stick from the tweet you posted.

Come on, be a big boy and just admit it.

Xxxx

Chinese stimulus to come too, that should have an impact.

I'm resigned to the fact the fed are going to oversteer, but they will rectify this and we'll in time for when we're producing.

He does my nut in, just can't even admit he was wrong about the tweet so what chance a reasonable debate. I hadn't even bothered insulting him before now and probably won't again, as right now we're making chimps that eat their own **** look dignified.

I take it that's a no then. You didn't read the tweets in the correct order and you don't want to shatter your illusion of self infallibility.